STO will replace ICO? Usechain Founder Moderated A Panel to Discuss STO’s Future at Mars Blockchain Summit (New York)
At 21:30(UTC+8) on October 18, Mars Finance held the Mars Blockchain Summit (NYC) at the core of global finance, New York, USA. Usechain founder & Professor of Cheung Kong Business School, Huining Cao, Malta Ambassador to the United States, Keith Azzopardi, Ripple Managing Director, Daniel Aranda and other leading financial institutions and blockchain industry leaders from Wall Street and China, conducted a high-level panel around “NEXT STEP” to discuss stable tokens from a global financial investment perspective.
Usechain founder Professor Huining Cao discussed “STO’s Future and the Realistic Path” as a moderator with Igor Denisov(Polymath), Yifeng Mao (Bitmaga, CEO), Caroline (Republic, COO) and other guests!
In the panel, the following issues has aroused a heated discussion.
1.Compared with ICO, where is the potential of STO? Why does everyone say that it is a huge market?
2.What is the difference between STO and traditional asset securitization?
3. STO can be expected to accelerate the division of asset ownership and improve the liquidity of assets. However, excessive liquidity of assets may also bring huge price fluctuations and even cause huge fluctuations in token prices.Is this another disaster for investors?
In April of this year, the Canadian Stock Exchange (CSE) announced that it will launch a Token clearing and settlement platform based on the Ethereum blockchain, on which the company can raise funds through Token. The CSE announcement says companies using the blockchain platform can raise funds through investors’ STOs. Companies that issue tokens through the CSE platform will be fully regulated by the appropriate securities commission.
In the second half of 2018, STO is getting more and more attention, and some people predict that this kind of securities-type tokens will become popular. The reason why STO is so hotly debated is that this token provides a bridge between the ICO’s crowdfunding elements and the clarity of securities issuance regulation.
Professor Cao Huining said,
We must embrace regulation, government and regulators as important supervisors of the blockchain community. They are not our enemies, but our partners, so we want to get support from regulators.
Since the release of the 3GO strategic plan, Usechain is in the process of deploying the next step in expanding overseas markets. The Mars Blockchain New York Summit is an important step for Usechain to appear in overseas markets. Next week, we will enter the Korean market again, stay tuned!
Upcoming Event
The Usechain Korean ecosystem continues, and the “GO KOREA” plan is being implemented step by step!
From October 23 to 24, 2018, the 2018 South Korea blockchain industry “Blockchain Expo” forum will be held at the Hilton Hotel Convention Center in Hongon-dong, Seoul. Usechain has a dialogue with Korean women’s president nomination, Seoul City Government Chief Information Officer, Samsung SDS Vice President and other Korean industry executives.
What about South Korea’s blockchain market? Usechain will gain an in-depth understanding of the Korean blockchain policy, development status and industry future through this forum, and let the Korean blockchain investors understand Usechain project, please stay tuned!
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